End of preview - This article contains approximately 633 words.
Subscribers: Log in now to read the full article
Not a Subscriber?
Choose from one of the following options
Back
Weekly Report - 24 November 2011 (WR-11-47)
VENEZUELA: Chávez tightens price controls
President Hugo Chávez is calling it “vital” for 21st century Socialism and stamping out the “vices of capitalism”. The new law of just prices and costs, which took effect on 22 November, elicited a rather different response from the political opposition and private business. Dreading its implementation ever since it was first approved in July, they claim that the law is distinctly unrevolutionary and will lead to far greater pain than gain for Venezuelans, especially the poor, because it fails to address the underlying causes of inflation. The first challenge for the government will be drawing up the new regulations and, above all, defining what constitutes a “fair” price for consumers and a “fair” profit for business.
- Humala: gold and water NOT gold or water
- COLOMBIA: “Colombia is well-known, but not known well”
- VENEZUELA: Chávez tightens price controls
- TRACKING TRENDS
- BRAZIL: Federal police threaten strike over border
- BRAZIL: Chevron spill a lucky accident for Brazil’s oil nationalists?
- ARGENTINA: “It isn’t Disneyland but it’s far from a crisis”
- PARAGUAY: Budget spat places economic stability at risk
- TRACKING TRENDS
- MEXICO: Hopes for a US economic recovery
- TRACKING TRENDS
- HONDURAS: Coup at the heart of elections
- GUATEMALA: Pérez Molina rewards allies with key posts
- NICARAGUA: Ortega goes on the attack
- TRACKING TRENDS
- What will the new Spanish government mean for Latin America?
- Quotes of the week